I flew to Detroit on family business. While I was there I was deluged and unable to get the time for analysis and commentary. In Albuquerque now and the hotel is great. I1 p-eaked Friday at the close but I bought a trivial position in SDS and SLV (1% each) at the close Wednesday because I knew the trip would be hectic. This is an important turning point so I bought another 3% SDS at the close Friday at 21.33.
The count is an abc for XMI, COMP, and DJI and a double-zigzag for SPX.
I will keep SDS at 4% unless Monday opens higher, then I'll buy another 2% at 10:30 OR until the DJI critical M/A is broken by 1.35%. Currently this M/A is 12,110.
Gold and silver should retreat into the first week of April when I'll close out my silver short ZSL.
Welcome back, Steve. You were missed on Thursday and Friday. :-)
ReplyDelete